GAIL shares hit 52-week high on double upgrade from UBS
Consensus is yet to fully appreciate the upside to realised tariffs from tariff integration, as well as the scope of India's improving gas demand and GAIL's pipeline expansion, says UBS.
Consensus is yet to fully appreciate the upside to realised tariffs from tariff integration, as well as the scope of India's improving gas demand and GAIL's pipeline expansion, says UBS.
Following this, the stock of GAIL tumbled as much as 3.2% to hit an intra-day low of ₹88.
Adani Total Gas declined 4%, followed by Reliance Industries, HPCL, GAIL, and IGL, which dropped up to 2%
Reliance Industries nosedived 8.65% to touch an intraday low of ₹2,369.45 on the BSE, registering its biggest single-day decline in the last 18 months
The BSE Sensex and the NSE Nifty are set to open lower on Thursday, following weak cues from Asian peers and negative trading at Singapore Nifty futures.
The BSE Sensex and the NSE Nifty are poised to open lower on Wednesday amid mixed global cues as well as growing Covid-19 cases surge across the country.